Infrax Systems, Inc (OTC:IFXY) Provides Shareholder Update
Infrax Systems (OTC:IFXY) has provided key updates on its business operations and acquisitions. The company is finalizing the acquisition of Cornerstone Rock Development, expected to close by November 2024. They have completed audits for 2022-2023 and are preparing their S-1 registration statement. Their Q1 FY2025 disclosure includes results from recently acquired JP Developers of Texas. Currently, they have 4 completed homes on the market, 13 under renovation, and plans to acquire 4 more properties, targeting 21 total projects by year-end.
Infrax Systems (OTC:IFXY) ha fornito importanti aggiornamenti sulle sue operazioni aziendali e acquisizioni. L'azienda sta finalizzando l'acquisizione di Cornerstone Rock Development, prevista per chiudere entro novembre 2024. Hanno completato le verifiche per il 2022-2023 e stanno preparando la loro dichiarazione di registrazione S-1. La loro divulgazione del primo trimestre FY2025 include i risultati dei recentemente acquisiti JP Developers del Texas. Attualmente, hanno 4 case completate sul mercato, 13 in ristrutturazione, e piani per acquisire altre 4 proprietà, mirando a un totale di 21 progetti entro fine anno.
Infrax Systems (OTC:IFXY) ha proporcionado actualizaciones clave sobre sus operaciones comerciales y adquisiciones. La compañía está finalizando la adquisición de Cornerstone Rock Development, que se espera cierre para noviembre de 2024. Han completado las auditorías para 2022-2023 y se están preparando su declaración de registro S-1. Su divulgación del primer trimestre del FY2025 incluye resultados de los recientemente adquiridos JP Developers de Texas. Actualmente, tienen 4 casas completas en el mercado, 13 en renovación, y planes para adquirir 4 propiedades más, con el objetivo de alcanzar un total de 21 proyectos para fin de año.
Infrax Systems (OTC:IFXY)는 사업 운영 및 인수에 대한 주요 업데이트를 제공했습니다. 회사는 Cornerstone Rock Development 인수를 마무리 중이며, 2024년 11월까지 완료될 것으로 예상됩니다. 그들은 2022-2023년에 대한 감사 보고서를 완료했으며 S-1 등록서를 준비하고 있습니다. FY2025 1분기 공시에는 최근 인수한 텍사스의 JP Developers에 대한 결과가 포함됩니다. 현재, 4채의 완공된 주택이 시장에 있으며, 13채가 리모델링 중이며, 연말까지 총 21개의 프로젝트를 목표로 추가로 4개의 부동산을 인수할 계획입니다.
Infrax Systems (OTC:IFXY) a fourni des mises à jour clés sur ses opérations commerciales et ses acquisitions. L'entreprise finalise l'acquisition de Cornerstone Rock Development, qui devrait se conclure en novembre 2024. Ils ont complété les audits pour 2022-2023 et préparent leur déclaration d'enregistrement S-1. Leur divulgation pour le premier trimestre de l'année fiscale 2025 inclut les résultats des JP Developers récemment acquis du Texas. Actuellement, ils ont 4 maisons achevées sur le marché, 13 en rénovation, et prévoient d'acquérir 4 propriétés supplémentaires, visant un total de 21 projets d'ici la fin de l'année.
Infrax Systems (OTC:IFXY) hat wichtige Updates zu seinen Geschäftstätigkeiten und Akquisitionen bereitgestellt. Das Unternehmen finalisiert die Übernahme von Cornerstone Rock Development, die voraussichtlich bis November 2024 abgeschlossen sein wird. Sie haben die Prüfungen für 2022-2023 abgeschlossen und bereiten ihre S-1-Registrierungserklärung vor. Ihre Offenlegung für das erste Quartal FY2025 umfasst die Ergebnisse der kürzlich übernommenen JP Developers aus Texas. Derzeit haben sie 4 fertige Häuser auf dem Markt, 13 in Renovierung, und planen, 4 weitere Immobilien zu erwerben, mit dem Ziel, bis zum Jahresende insgesamt 21 Projekte zu realisieren.
- Acquisition of Cornerstone Rock Development nearing completion
- Completed audits for 2022 and 2023
- Active property portfolio with 17 current projects and 4 planned acquisitions
- Successfully filed Q1 FY2025 disclosure statement
- operational results from JP Developers acquisition in Q1 report
- 2024 audit still pending completion
- S-1 registration statement filing delayed pending audit completion
Acquisition of Cornerstone Rock Development, Audit Status, Operations
HOUSTON, TX / ACCESSWIRE / November 15, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) dba US Standard Capital (the "Company") is pleased to provide shareholders with an update of recent activities and its progress on previously announced plans:
The Company is moving forward with its previously announced acquisition of Cornerstone Rock Development LLC, a Houston-based residential construction company specializing in home remodeling renovations and new construction projects. The Company expects to close the transaction by the end of November 2024.
The Company has completed the audits for 2022 and 2023 and is currently working on its audit for its 2024 fiscal year that ended on June 30, 2024. The Company is concurrently working with its attorneys to prepare the text of its S-1 registration statement and plans to file it with the SEC once the 2024 audit is complete. The Company plans to file the S-1 within the next few months.
The Company recently filed its quarterly disclosure statement with OTC Markets for the first quarter of its 2025 fiscal year ending September 30, 2024, which includes the results for JP Developers of Texas. However, the income statement only includes a few days of JP Developers of Texas's operations as the company was acquired in late September, just days before the end of the reporting period.
The Company has acquired several new properties during the current quarter that are not included in the first quarter report. The Company currently has four completed homes on the market, thirteen homes being renovated, and plans to acquire four more homes, bringing the total to twenty-one (21) current and planned projects through the end of the calendar year.
About Infrax Systems, Inc.
Infrax Systems, Inc. is focused on acquiring assets and companies in the real estate sector, including housing development, construction, remodeling, and financing. The Company also provides products and services that address the various challenges faced by Latin American immigrants.
Contact Information:
https://twitter.com/InfraxInc
https://twitter.com/jpineda100
https://www.usstandardcapital.com/
https://www.jpdevelopersoftexas.com/
Shareholder/Investor inquiries for Infrax Systems, Inc.:
Infrax Systems, Inc.
1-888-204-4134
ir@infraxinc.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Contact Information:
Jose Pineda
CEO
jose@usstandardcapital.com
786-583-6642
SOURCE: Infrax Systems, Inc.
View the original press release on accesswire.com
FAQ
When will IFXY complete the Cornerstone Rock Development acquisition?
How many properties does IFXY currently have in development?
When will IFXY file its S-1 registration statement?
What is the status of IFXY's audits?
